Canada's Acadian Timber Q1 revenue falls on lower softwood pulpwood demand

Acadian Timber

06/05/2026 22:16

Overview

Canada timberland owner's Q1 2026 revenue declined yr/yr due to lower softwood pulpwood demand

Adjusted EBITDA for Q1 2026 rose slightly

Net income for Q1 2026 declined yr/yr, partially offset by lower income tax expense

Outlook

Company expects overall harvesting activity to ease in Q2 due to seasonal slowdown

Near-term sawlog demand expected to remain stable, but pricing may be challenged

Registration of additional carbon credits anticipated in second half of 2026

Result Drivers

PRODUCT MIX SHIFT - Co said higher proportion of softwood sawlogs offset lower softwood pulpwood demand in Q1

MAINE HARVESTING OPERATIONS - Co said internal harvesting in Maine increased timber volumes but led to higher per-unit costs and lower average selling prices

LOWER OPERATING COSTS IN NEW BRUNSWICK - Co attributed reduced operating costs to decreased timber services activity in New Brunswick

Company press release: ID:nGNXdDFb5

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
C$23.40 mln
C$22.50 mln (1 Analyst)
Q1 EPS
Beat
C$0.19
C$0.13 (1 Analyst)
Q1 Net Income
C$3.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the forest & wood products peer group is "buy"

Wall Street's median 12-month price target for Acadian Timber Corp is C$18.25, about 4.4% above its May 5 closing price of C$17.48

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)